Eduardo's Feed
Dec 23, 2010

Strike halts six Argentine soy-crushing plants

BUENOS AIRES, Dec 22 (Reuters) – A strike by soy-processing
workers in Argentina’s biggest grains port halted at least six
plants on Wednesday, disrupting crushing in the world’s No. 1
soyoil and meal exporter and helping lift U.S. soyoil futures.

Crushing plants in and around the city of Rosario account
for about 80 percent of Argentine soybean oil and meal output
and the one-day-old pay strike is hitting plants owned by major
exporters such as Cargill, Louis Dreyfus and Bunge .

Nov 19, 2010

Argentina economic growth strong, but seen slowing

BUENOS AIRES, Nov 19 (Reuters) – Argentina’s economy is
growing strongly, but at a slower pace than in previous months,
the country’s economic activity indicator showed on Friday.

The EMAE economic activity index — a close proxy of gross
domestic product — rose 7.8 percent in September versus the
same month last year, according to the INDEC statistics agency
ARECI14, the slowest year-on-year pace since March.

Nov 11, 2010

Argentine budget delayed but gov’t has wiggle room

BUENOS AIRES, Nov 11 (Reuters) – Argentine lawmakers
postponed a vote on Thursday on the government’s 2011 budget
bill, but defiant officials said President Cristina Fernandez
will simply extend this year’s framework if the bill stalls.

The delay is a setback for the center-left leader, whose
drive to tap up to $7.5 billion in central bank reserves to pay
debt would free up more money for social spending ahead of next
October’s presidential election.

Oct 26, 2010

Latam steelmakers see threat from China

BUENOS AIRES, Oct 26 (Reuters) – Latin American steelmakers
see an increasing threat from cheap Chinese imports and want
governments in the region to take steps to guarantee fair play,
a regional chamber said on Wednesday.

Regional powerhouse Brazil introduced measures last week
aimed at curbing imports of cheap steel products made in China
that Brazilian steelmakers complain are flooding the market.
[ID:nN22224134]

Oct 9, 2010

Argentine court orders prosecution of Cargill execs

BUENOS AIRES, Oct 8 (Reuters) – An Argentine court has
indicted two executives of agribusiness giant Cargill [CARG.UL]
for suspected tax evasion, the tax agency said on Friday.

Last week, authorities raided the local premises of fellow
global grains exporter Bunge (BG.N: Quote, Profile, Research, Stock Buzz) after the AFIP tax agency
accused the company of evading close to $300 million in income
tax between 2007 and 2009. [ID:nN07150061]. Bunge has denied
the charge.

Sep 15, 2010

Exclusive: EU wants talks with U.S. over Boeing-De Gucht

BUENOS AIRES (Reuters) – European Union Trade Commissioner Karel De Gucht said on Wednesday the only way to resolve a dispute over U.S. government subsidies to Boeing was to reach “a negotiated settlement.”

The EU said it had won a dispute against the subsidies for Boeing that it hoped would set the stage for negotiated settlement that would allow European governments to continue to help Airbus develop new aircraft.

Sep 15, 2010

Argentina sells DNA as world demands more beef

DUGGAN, Argentina (Reuters) – Tipping the scales at more than a ton, Montecristo would yield a lot of prime Argentine steak. But ranchers are not interested in sending bulls like him to slaughter — his semen is far more valuable.

With newly affluent consumers from Brazil to China eating more meat, Argentine ranchers are honing their centuries-old cattle-breeding traditions to meet growing global demand for semen, embryos and genetics know-how.

Jul 29, 2010

Maradona fans lament end of his coaching reign

BUENOS AIRES (Reuters) – The end of Maradona’s tenure at the helm of Argentina’s national team has dealt a hard blow to his fans, even though his performance as coach was a far cry from his genius as a player.

Maradona accused Argentine soccer chiefs on Wednesday of conspiring to oust him and many fans think he deserved a more dignified exit despite Argentina’s disappointing showing at the World Cup.

Jul 29, 2010

Soccer-Maradona fans lament end of his coaching reign

BUENOS AIRES, July 29 (Reuters) – The end of Maradona’s
tenure at the helm of Argentina’s national team has dealt a hard
blow to his fans, even though his performance as coach was a far
cry from his genius as a player.

Maradona accused Argentine soccer chiefs on Wednesday of
conspiring to oust him and many fans think he deserved a more
dignified exit despite Argentina’s disappointing showing at the
World Cup. [ID:nN28229127]

Jul 21, 2010

Gay law in Argentina signals waning Catholic power

BUENOS AIRES (Reuters) – The Catholic Church’s failure to derail a gay marriage law in Argentina shows once powerful clergymen losing their influence in Latin America, where pressure is growing for more liberal social legislation.

The law, which lets gay couples marry and adopt children, was approved last week to the cheers of hundreds of gay couples gathered outside Congress despite opposition from churchmen, who called gay families “perverse.”

    • About Eduardo

      "Eduardo has been reporting from Ecuador since November 2011. He has written about the Andean country's oil industry, tensions between the government of President Rafael Correa and the media, and efforts by Ecuadorean plaintiffs to enforce an $18 billion ruling against U.S. oil company Chevron for polluting the Amazon. He was previously posted in Argentina where he covered the country's grains industry and in Bolivia where he wrote about President Evo Morales' efforts to give the majority Indian population more political power. Eduardo is a Spaniard who has also lived and reported in Guatemala and Britain."
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